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Replying to Avatar Russo

KYC - KILL YOUR CLIENT, THE QUIET KILL SWITCH

"It doesn’t matter how many sats you stack if every one of them is logged and ready for a blacklist. KYC is the silent killer of Bitcoin's promised freedom."

"While the influencers make noise about CBDCs and paper bitcoin, the real control system has already been deployed: Know Your Customer."

"KYC regulations are marketed as a hedge against money laundering and fraud. The framing is safety. The reality is traceability."

"Once that link is made, every transaction becomes searchable, timestamped and admissible. This isn’t a theory. It’s how the system is already working."

"Governments didn’t need to outlaw Bitcoin; they just needed to know who’s using it."

“But they can’t stop me from moving my bitcoin and transacting P2P.” No one wants blacklisted coins: They’ll be radioactive and useless.

"Bitcoin was never supposed to be polite. It was a way out. But as we normalize compliance in exchange for access, we risk turning that exit ramp into a regulated channel."

https://bitcoinmagazine.com/technical/kyc-is-the-quiet-kill-switch

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shortwavesurfer2009 4mo ago

#Monero's refusal to bend to this cements it as the go-to option.

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